Ltcg
This query is : Resolved
suman singh
(Querist)
14 May 2014
i have purchased flat of Rs. 7lac in year 2006 in which i also spend money in registry and brokerage as Rs. 56000 and Rs. 15000 respectively, and i need to sold it the same flat in 2014 which cost comes to 34 Lakh, please advise the LTCG i opt for.
Nikhil Kaushik
(Expert)
14 May 2014
your cost of acquisiton is Rs 7.71 lakhs. compute the indexed cost.
use the inflation index as provided here
https://www.caalley.com/ca/cii.html
deduct the indexed cost from the consideration to arrive at long term capital gains.
use the inflation index as provided here
https://www.caalley.com/ca/cii.html
deduct the indexed cost from the consideration to arrive at long term capital gains.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Royalty payments to the Mining Department for procurement of murum - GST input
- Gift to nri relatives residing in usa
- IMS (import of goods) ITC related
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
